£250,000
(£137.14/sq. ft)
Industrial for salePortsmouth Mot Centre, Alchorne Place, Portsmouth PO3
1,823 sq. ft
EPC Rating: B
Leasehold
About this property
Detached Building
Yard Space
9 Years Unexpired Term
Rent Review Due November 2026
Erv: £25,000 per annum
Description
The property is a detached industrial building providing office, reception, workshop space which includes 2 car lifts, a run up ramp and break roller. There are approximately 4 parking spaces to the front and a further 3 to the rear.
The building benefits from having a roller shutter loading door to the front and rear of the building.
Location
The property is located within Alchorne Place one of Portsmouth's principle industrial estates to the north of Portsea Island. The estate has good transport links to the Eastern Road (A2030), which has direct links to the A27 and M27 motorways.
Alchorne Place is accessed via Quartremaine Road immediatley opposite this junction is Bolde Close. The property is located towards the southwest corner of Alchorne Place in a prominent position at its junction with Quartremaine Road.
Terms
The long leasehold interest is available at a price of £250,000 subject to the current lease to Kevin Marshall & James Bartholomew Trading as Portsmouth mot Centre on a 15 year lease from 17th November 2020 upto and excluding 16th November 2035 at a current passing rent of £21,500 per annum. The building is held on the balance of a long leasehold interest for a term of 125 years from 6th November 1979 leaving approximatley 78 years remaining. The current ground rent is £2,795 per annum.
Business Rates
Rateable Value £17,250
You are advised to make your own enquiries to the local authority in this regard.
Other Costs
Legal Costs - Each party to pay their own costs incurred in the transaction.
VAT - Unless stated otherwise all cost and prices are exclusive of VAT.
The property is a detached industrial building providing office, reception, workshop space which includes 2 car lifts, a run up ramp and break roller. There are approximately 4 parking spaces to the front and a further 3 to the rear.
The building benefits from having a roller shutter loading door to the front and rear of the building.
Location
The property is located within Alchorne Place one of Portsmouth's principle industrial estates to the north of Portsea Island. The estate has good transport links to the Eastern Road (A2030), which has direct links to the A27 and M27 motorways.
Alchorne Place is accessed via Quartremaine Road immediatley opposite this junction is Bolde Close. The property is located towards the southwest corner of Alchorne Place in a prominent position at its junction with Quartremaine Road.
Terms
The long leasehold interest is available at a price of £250,000 subject to the current lease to Kevin Marshall & James Bartholomew Trading as Portsmouth mot Centre on a 15 year lease from 17th November 2020 upto and excluding 16th November 2035 at a current passing rent of £21,500 per annum. The building is held on the balance of a long leasehold interest for a term of 125 years from 6th November 1979 leaving approximatley 78 years remaining. The current ground rent is £2,795 per annum.
Business Rates
Rateable Value £17,250
You are advised to make your own enquiries to the local authority in this regard.
Other Costs
Legal Costs - Each party to pay their own costs incurred in the transaction.
VAT - Unless stated otherwise all cost and prices are exclusive of VAT.
Mortgage calculator
Monthly repayment
£1,250 per month
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